Malaysia is located just above the equator in the heart of Southeast Asia. Strategically located between the Indian Ocean and the South China Sea, Malaysia is well served by all major airlines and freight. This combined with the country’s solid and sustainable economic foundation, inclusive business ready environment, future focus, and dynamic skilled workforce, has made Malaysia an attractive and cost competitive investment location in the region, and is rapidly becoming a preferred hub for shared services.
The Malaysian economy remains resilient and relies on strong fundamentals. Its diversified economic structure, sound financial system, effective public health response and proactive macroeconomic policy support suggest that Malaysia will be able to weather the storm better than many other countries.
Malaysia is well located in one of the fastest growing economic regions in the world. Southeast Asia has recorded an average GDP growth of 5.3% annually over the past 20 years.
From a country that once relied on agriculture and primary commodities, today Malaysia is a diversified export-driven economy driven by high technology, knowledge-based and capital-intensive industries. Mature and integrated ecosystems developed over decades have fostered a strong local supply chain that supports long-term business growth and investments…
Malaysia’s manufacturing sector plays an important role in the global supply chain while local activities are well represented in the service sector, which has become more visible in the past two decades. Malaysia continues to be an attractive location for companies in various industries. The diverse sectors in Malaysia provide abundant opportunities for investors who are expanding into alternative markets.
Extensive business links, lower cost of doing business
Malaysia has already signed and implemented several FTAs, including bilateral FTAs with Japan, Pakistan, India, New Zealand, Chile, Australia and Turkey. At the ASEAN level, Malaysia has regional free trade agreements through the ASEAN Free Trade Agreement with China, Korea, Japan, Australia, New Zealand and India.
This creates a potential market size of 3.9 billion people. Import duties amounting to 98% of total products to 0% under Malaysia’s Free Trade Agreements with ASEAN.
Lower trade barriers translate into lower costs of doing business. This gives companies operating in Malaysia preferential access to growth opportunities and spot markets in one of the world’s largest business conglomerates.
Higher investment opportunities through the Regional Economic Partnership
Malaysia is among the ten signatories to the Regional Comprehensive Economic Partnership, the world’s largest free trade agreement. They represent 30% of the world’s population and collectively contribute to 30% of global economic activities, as measured by GDP. This is expected to establish a strong framework for cooperation and contribute significantly to the economic recovery of the respective economies. As REPAD member countries are among Malaysia’s 15 largest trading partners, this FTA is expected to create a more liberal, facilitation and competitive investment environment that will provide improved facilitation of investment and investor aftercare.
Discover more investment opportunities in Malaysia
Over the past decades, the manufacturing sector in Malaysia has undergone massive changes, production efficiency and cost control are vital factors that enable the sector to achieve real results for business… The Malaysian service industry also combines a multidisciplinary approach with in-depth and practical industry knowledge to meet the challenges and seize opportunities.
Explore the various competitive and comparative advantages in the manufacturing and service sectors in Malaysia
AAT Business Club in Malaysia is fully prepared to meet all your needs…:
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